Stocks fall on poor non-farm payroll data $AUDJPY
- Published: 08 April 2013
- The S&P 500 fell from a record close yesterday finishing down 1.05% closing at 1553.69. Losses today were mainly led by the financial, energy and consumer companies.
- Bank of America Corp. (BAC) and Morgan Stanley (MS) led the financial sector down as financial shares tumbled the most among the S&P 500 sectors. BAC finished the session down 2.8% to close at 11.81 and MS down 2.72% to close at 21.11.
- DOW -0.76% S&P500 -1.05% and NASDAQ -1.11%
- The Canadian Dollar (CAD) weakened from an almost six-week high against its U.S. counterpart as crude oil, the country’s biggest export, posted its biggest drop in more than four months. The currency is currently trading at $0.9855.
- Treasuries rose, pushing 10-year yields to the lowest level in three months, as worse-than- forecast data on U.S. employment and the services industry spurred concern economic growth may be slowing.
- Commodities fell to the lowest level in more than three months as crude dropped after U.S. oil stockpiles climbed to a 22-year high. The Energy Information Administration said oil supply levels are at the highest level since 1990. WTI crude fell 2.8% to $94.55 a barrel
